POST Online Media Lite Edition



 

Highlights: December 26 - December 31, 2017

Staff Writer |
The most interesting news, stories, and events that marked the last week.

Article continues below




Record high assets managed by Chinese funds: $1 trillion

Assets managed by China’s money market funds have hit a record high as savers’ demand for higher returns on investment remains strong, latest data showed....

Thailand November tourist arrivals up 23.2 percent

Thailand welcomed 3 million foreign tourists in November, the tourism ministry said, 23.2 percent more than the same month a year earlier....

InterGen announces sale of Mexico assets in $1.256 billion deal

InterGen, a global power generation firm, announced that it has entered into an agreement with Actis to sell its business interests in Mexico for an enterprise value of $1.256 billion....

Mallinckrodt to acquire Sucampo Pharmaceuticals for $1.2 billion

Mallinckrodt will acquire Sucampo Pharmaceuticals, including its commercial and development assets....

Tunisia olive oil output to increase 120%

Tunisia’s 2017-2018 olive oil output is poised to see the biggest growth of any country in the world, Tunis Afrique Presse (TAP) reported....

National Returns Day to set record, says UPS

Shoppers bought record numbers of gifts online this holiday season and that means there will be record numbers of returns through delivery services, United Parcel Service (UPS) said....

Value of foreign takeovers in Germany more than doubles in 2017

German companies have seen a surge in demand from international investors in 2017, a study by PricewaterhouseCoopers (PwC) showed....

SoftBank Group completes $3.3 billion acquisition of Fortress Investment

SoftBank Group announced that it has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash....

Rwanda to triple poultry production in five years

Rwanda seeks to enhance poultry meat production from 30,000 tonnes per year as of 2016, to 100,000 tonnes within the next five years....

Austrian manufacturing PMI surges to record high in December

December PMI data from Unicredit Bank Austria signalled the strongest performance of the Austrian manufacturing sector since the survey began in October 1998....

Record number leave Trump administration in his first year

The highest number of White House staffers have left the President Donald Trump administration in the very first year....

Vietnam's paper export up 14.5 percent this year

Vietnam gained total paper and paper product export turnovers of $732 million in 2017, up 14.5 percent against 2016, with the biggest export market being China, tailed by the United States and Japan....

First tanker of Russian gas arrives in UK to keep Britons from freezing

Russian tanker Christophe de Margerie has brought the first batch of liquefied natural gas (LNG) from Yamal to the United Kingdom....

Bonanza Creek Energy terminates $746 million merger with SandRidge Energy

Bonanza Creek Energy announces that it has agreed to terminate its previously announced agreement to merge with SandRidge Energy....

Not a single plane in 45 years: Philippines to close Aerospace Agency

The government of the Philippines said that it will abolish the state agency responsible for aerospace development for not having manufactured a single useful aircraft in its almost 45 years of operation....

China Aircraft to buy 50 Airbus jets valued at $5.42 billion

China Aircraft Leasing Group Holdings agreed to buy 50 Airbus SE single-aisle airliners with a combined list price of $5.42 billion....

American Woodmark buys RSI Home Products for $943m

American Woodmark Corporation announced the completion of its acquisition of RSI Home Products for 1,457,568 newly issued shares of American Woodmark common stock, approximately $354 million in net cash and the assumption of approximately $589 million of RSI debt....

UK minister: Tech companies ruthlessly sell our data

Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalizing people or helping them to prepare attacks....


What to read next

Billions of benefits, thousands of jobs from new hub airport
Highlights: August 29 - September 2, 2016
Highlights: October 30 - October 1, 2017